Legal Question in Real Estate Law in Indiana
Transfer of Property Act
If company ''A'' purchases only the land or property, not the business of company ''B'', and it doesnt want to run the said company. Then whether the said company is liable to pay the PF to the employees of ''B'' Company
Asked on 3/09/09, 6:18 am
3 Answers from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
Re: Transfer of Property Act
No, the A company may not be liable to share the burden of B company. However, if the B company is not having any other business, it should seek liquidation.
Answered on 3/09/09, 10:36 am
Homi Maratha
N.N. Maratha & Co.-Advocates
Re: Transfer of Property Act
Hello
Good Afternoon!
In this case the Company A is not liable to share the liability of PF.
In case of need please contact personally.
Answered on 3/13/09, 5:26 am
Shrichand Nahar
S.V.Nahar, Advocate
Re: Transfer of Property Act
Statutory dues are normally charge on the properties. The liability upto date of sale may be there on the land.
Answered on 3/09/09, 6:24 am
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